DALLAS, and MONTREAL – Flowserve Corporation and Velan Inc.
pump industry mergers & acquisitions
HOUSTON – Trillium Flow Technologies (Trillium) has announced the acquisition of Coulter Valve Service (“CVS”), a specialty valve field services provider.
CVS specializes in on-site nuclear and commercial maintenance, repair and modifications for Main Steam Isolation Valves, Feedwater Check Valves, and Free Flow Reverse Check Valves for major utilities across the United States. This acquisition strengthens Trillium's aftermarket business in North America.
GREENVILLE, SC. – IPS has acquired Southland Electrical Group. The Southland Group comprises seven discrete businesses: Southland Electrical Supply, Mid-South Electrical Supply, Industrial Panel Company, Southland Automation, South East Switchgear, Southland Electrical Rentals and Charter Contact and Supply.
WASHINGTON, DC – Xylem Inc. and Evoqua have announced they have entered into a definitive agreement under which Xylem will acquire Evoqua in an all-stock transaction that reflects an implied enterprise value of approximately $7.5 billion.
HOUSTON – Corrosion Resistant Alloys, LLC (CRA) has fully acquired PipeSearch.
Cole Patchell, president, PipeSearch, and vice president, CRA, said, “We see the momentum for change in the tubular industry and the desire for digital solutions. We are fully committed to a digital future through the global warehouse, PipeSearch, and are excited about the investment.”
WEST PALM BEACH, Fla. – Holland Pump Company has announced that it has completed the acquisition of BPR Pumping & Vacuum Solutions based in Pearland, Texas.
MILWAUKEE, Wis. – Badger Meter, Inc. has announced the acquisition of Syrinix, Ltd.
Kenneth C. Bockhorst, chairman, president and chief executive officer, Badger Meter, stated, “We are pleased to add the hardware-enabled software capabilities of Syrinix into our smart water solutions portfolio. I look forward to working alongside the talented Syrinix team to further our aim to preserve the world’s most precious resource.”
DAVIDSON, N.C. – Ingersoll Rand Inc. has completed the acquisition of SPX FLOW’s Air Treatment business in an all-cash transaction of approximately $525 million.
The Air Treatment business adds a highly complementary product portfolio of energy efficient compressed air dryers, filters and other consumables with a high attachment rate to Ingersoll Rand’s core compressor product offering.
Mergers and acquisitions expert looks back on 2022 and predicts what’s ahead for pump companies in 2023.
GREENVILLE, SC. – IPS has acquired Evans Enterprises, Inc (Evans). The sale includes all eight Evans locations, servicing customers across the South and Central United States. For IPS, these additional locations add services to underserved markets and further enhance its industry-leading network of locations.
LITTLE ROCK, Ark. – The Stephens Group, LLC (“The Stephens Group”) announced today that it finalized its acquisition of Quality Valve, Inc. (“Quality Valve” or the “Company”) from Pfingsten. Terms of the transaction were not disclosed.
FORT WAYNE, Ind. – Trelleborg comments on the acquisition of the US-based company Minnesota Rubber & Plastics that was finalized recently.
The bolt-on acquisition furthers Trelleborg’s ambition to provide innovative custom solutions to customers by accelerating product development and strengthening research and development in areas such as healthcare and medical, food and beverage, and transportation.
ROCK HILL, SC. – Atlas Copco has acquired the operating assets of Northeast Compressor. Northeast Compressor sells air compressors, related equipment and services to a broad range of industrial customers in upstate New York.
STAMFORD, Conn. – United Rentals, Inc. today announced that the company has entered into a definitive agreement to acquire the assets of family-owned Ahern Rentals, Inc. for approximately $2.0 billion in cash. The board of directors of United Rentals unanimously approved the agreement. The transaction is expected to close prior to year-end 2022, subject to customary conditions.
Stuart Turner, a manufacturer of pumps and water-boosting products for residential and commercial uses and a portfolio company of Epiris Fund II, has acquired Aquatronic Group Management (or “AGM”). Financial terms are not being disclosed.
HOUSTON – Dresser Utility Solutions has acquired the assets of Total Piping Solutions (TPS) that will be incorporated into the Dresser Pipeline Solutions (DPS) business.
DAVIDSON, N.C.– Ingersoll Rand Inc. has entered into agreements to acquire Everest Blowers Private Limited and Everest Blower Systems Private Limited (collectively, “Everest Group”) and Airmax Groupe (“Airmax”) for a combined all-cash upfront purchase price of approximately $86 million with additional potential consideration based on achievement of Everest financial targets.
CHARLOTTE, NC. – Jenkins Electric has acquired Wheeler, a sleeve and fluid film bearing manufacturer based in North Charleston, South Carolina.
KNOXVILLE, Tenn. – Oct. 4, 2022—RDI Technologies, Inc. (“RDI”) today announced it has completed the purchase of privately-held Fastec Imaging Corporation (“Fastec”). RDI’s acquisition of Fastec adds new customers, talent and intellectual property, and it enables RDI to accelerate its product development initiatives. The transaction follows SFW Capital Partners’ (“SFW”) strategic investment in RDI in February 2022.
ROCK HILL, SC – Atlas Copco Compressors has acquired the operating assets of the compressor business of Mesa Equipment & Supply Company (Mesa). Mesa is headquartered in Albuquerque, New Mexico and has a significant market presence across the entire state.19 people will join Atlas Copco as a result of this acquisition.
BROOKFIELD, Wis. – Anderson Process has acquired Neil Dornbusch & Associates.
TORONTO – EBARA Corporation Japan (EBARA) has acquired 100% equity of Hayward Gordon L.P. (Hayward Gordon).